Melni v. Custer

OPINION

HOWARD, Judge.

PACTS AND PROCEDURE

This is an appeal from the granting of a cross-motion for summary judgment. On September 17, 1984, Metro Home Loans, Inc. (MHL), the owner of Lot 22, Los Ga-tos, located at 8601 Via del Sol in Scottsdale, Arizona, executed a warranty deed of the property to “D. M. Conrad, a single man.” In conjunction with the transfer “D. M. Conrad” executed two deeds of trust naming MHL as beneficiary to secure two loans, evidenced by promissory notes, one for $300,000 and the other for $115,-000. Almost immediately MHL divided its beneficial interest into smaller…